Economist Michael Roberts reports that by 2026, the US cuts to development aid and those of its allies in the G7 group of rich countries will be 28% less than the amount allocated in 2024. In fact, very few developed countries have ever fulfilled the commitment they made since the 1970s to allocate 0.7% of their Gross National Income to development cooperation. In any case, developed countries always impose conditions of one kind or another on their cooperation. Also relevant in this context of ever greater militarism and the reduction of even the token crumbs of development cooperation is the inherent criminality of the Western political-financial system.
In recent years, the criminal bad faith of the collective West has been evident in the abuse of the US judicial system in favor of US owned vulture funds at the expense of the Argentine people and the theft of assets from the Venezuelan people. This month the US government has taken unjustified punitive measures against three Mexican banks without presenting any evidence, while at the same time intensifying the sadistic genocidal blockade against Cuba. Illegal unilateral coercive measures by the US and allied governments against more than 20 countries of the majority world are still in force. The illegal seizure of Russian and Iranian assets and funds, amounting to hundreds of billions of dollars, continues, among many other examples.
